USD/CAD daily chart USD/CAD is taking bids around 1.3360 during early Wednesday. The quote took a U-turn from 23.6% Fibonacci retracement of October – December upside and is likely declining towards 38.2% Fibonacci level near 1.3325. Though, near oversold levels of 14-day relative strength index (RSI) and repeated reversals from 1.3330-25 signal brighter chances of the pair’s another pullback. In a case prices decline below 1.3325, 50-day simple moving average (SMA) near 1.3280, followed by 200-day SMA level of 1.3170, can offer intermediate halts ahead of drawing sellers’ attention to 1.3150 support-line. On the upside, 1.3390 and 1.3460-70 area, comprising 23.6% Fibonacci, could confine the pair’s near-term advances. Should pair rise past-1.3470, 1.3570 and 1.3670 might lure bulls. USD/CAD 4-Hour chart 1.3240 can act as a buffer between the 1.3330-25 support-zone and 1.3170 level. Also, the break of 1.3500 can validate the pair’s rise to 1.3570 after 1.3470. USD/CAD hourly chart 1.3400 can magnify the distance between 1.3390 and 1.3470. The 1.3200 round-figure may offer intermediate halt ahead of highlighting 1.3170 support-level. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next UK Govt has no plans for Irish border controls in case of no-deal Brexit – BBC FX Street 4 years USD/CAD daily chart USD/CAD is taking bids around 1.3360 during early Wednesday. The quote took a U-turn from 23.6% Fibonacci retracement of October - December upside and is likely declining towards 38.2% Fibonacci level near 1.3325. Though, near oversold levels of 14-day relative strength index (RSI) and repeated reversals from 1.3330-25 signal brighter chances of the pair's another pullback. In a case prices decline below 1.3325, 50-day simple moving average (SMA) near 1.3280, followed by 200-day SMA level of 1.3170, can offer intermediate halts ahead of drawing sellers' attention to 1.3150 support-line. On the upside, 1.3390 and 1.3460-70 area, comprising… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
